In a significant uptrend, the total number of Demat accounts surged to 16.2 crore in June 2024, according to a report by Motilal Oswal Financial Services. As per the report, new additions spiked by 42 lakh in June, marking the highest account opening rate since February 2024. This indicates a 4.24 percent increase from the …
Zerodha’s co-founder Nithin Kamath, in a post on social media platform X on Tuesday, said that the brokerage may need to reconsider its zero brokerage model or potentially raise brokerage fees for F&O (futures and options) trades after SEBI issued a circular mandating that all market infrastructure institutions, including stock exchanges, adhere strictly to their …
Broking platforms such as Groww blame BSE, saying a glitch in the stock exchange’s mutual fund system resulted in several purchase orders taking effect the next day, by when the markets had recouped some of their losses. BSE denied responsibility. The benchmark Nifty index sank 5.9% on 4 June, with the markets disappointed about the …
Nithin Kamath, the co-founder of Zerodha, has always expressed support for bonds as a stepping stone for Indian investors as they have better returns than fixed deposits (FD) and less risk as compared to stocks. Previously, bonds were mainly accessible to high-net-worth individuals (HNIs), but that has changed after a change brought in by Sebi. …
SEBI’s recent move to reduce the face value of corporate bonds has received praise from Nithin Kamath, the Co-founder of Zerodha, who believes that bonds, rather than stocks, are the right stepping stone for most Indians as they give better returns than fixed deposits with lower risk than stocks. Capital market regulator Securities & Exchange …
Deepak Shenoy, the CEO of financial advisory firm Capitalmind, has praised online stock trading platform Zerodha founders Nikhil Kamath and Nithin Kamath for building their business without funding from venture capitalists. Shenoy said he wished Zerodha went public at some point in time so that stock market investors, such as himself, could get to participate …
Bajaj Auto buyback: Bajaj Auto shares are trading ex-buyback today. As per the information shared by the Indian auto major with the Indian stock market exchanges, the board of directors of Bajaj Auto has fixed the record date for Bajaj Auto buyback on 29th February 2024 i.e. today. This means, those who hold Bajaj Auto …
Nithin Kamath, founder of India’s biggest stockbroker Zerodha, revealed on Monday that he had suffered a “mild stroke” six weeks back. Kamath shared his pictures lying on the hospital bed and of his recovery on social media along with a lengthy post. Kamath mentioned that his father’s passing away could be one of the possible …
Nithin Kamath, the founder of Zerodha, took to social media, on Monday, revealed that he suffered a “mild stroke” approximately six weeks ago. While he did not explicitly confirm the cause, he suggested that a combination of factors might have contributed to it. “Around 6 weeks ago, I had a mild stroke out of the …
Brokerage firm Zerodha‘s trading app Kite on Monday suffered another technical glitch, marking the fourth straight month the platform has faced such issues. Several users took to the X platform complaining about the issue and demanding compensation for the “loss”. “As expected.. These (intentional) glitches will happen again and again to make sure retail investors …